Net Income (Loss) per Share

6 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Net Income (Loss) per Share

3. Net Income (Loss) per Share

Basic net income per common share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted-average number of common shares and dilutive common share equivalents then outstanding using the treasury stock method. Common equivalent shares consist of the incremental common shares issuable upon the exercise of stock options and vesting of restricted stock awards.

The following table presents the basic and diluted weighted-average shares outstanding for each period presented:

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2016		2015		2016		2015
Weighted-average common shares outstanding, basic		59,295,990		49,513,141		59,133,569		49,470,528
Effect of dilutive securities:
Stock options		-		-		696,112		469,698
Restricted stock units		-		-		248,171		89,709
Weighted-average common shares outstanding, diluted		59,295,990		49,513,141		60,077,852		50,029,935

The following table includes the number of shares that may be dilutive common shares in the future. These shares were not included in the computation of diluted net income per share because the effect was either anti-dilutive or the requisite performance conditions were not met.

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2016		2015		2016		2015
Stock options		665,281		1,838,400		667,251		1,370,873
Restricted stock units		88,407		78,533		88,407		123,332